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Cornière, Alexandre de; Taylor, Greg - Department of Economics, Oxford University - 2013

Competition authorities all over the world worry that integration between search engines (mainly Google) and publishers could lead to abuses of dominant position. In particular, one concern is that of own-content bias, meaning that Google would bias its rankings in favor of the publishers it...

Persistent link: https://www.econbiz.de/10011004347

Entry and Exit in Grocery Retailing: Local Pre-Emption and Social Efficiency

Smith, Howard - Department of Economics, Oxford University - 2000

This paper develops an asymmetric price setting oligopoly model of store opening and closure decisions in the UK supermarket industry which is estimated using a survey of consumer choices and a dataset of store characteristics. The model is used to examine the strategic local entry and exit...

Persistent link: https://www.econbiz.de/10010605032

Multiproduct Cournot Oligopoly

Myatt, David P.; Johnson, Justin P. - Department of Economics, Oxford University - 2005

We present a general Cournot model in which each firm may sell multiple quality-differentiated products. We use an upgrades approach, working not with the actual products, but instead with upgrades from one quality to the next. The properties of single-product Cournot models carry over to the...

Persistent link: https://www.econbiz.de/10005047879

Contractual Institutions, Financial Development and Vertical Integration: Theory and Evidence

Macchiavello, Rocco - Department of Economics, Oxford University - 2008

This paper presents an industry equilibrium model of vertical integration under contractual imperfections with specific input suppliers and external investors. I assume that vertical integration economizes on the needs for contracts with specific input suppliers at the cost of higher fixed...

Persistent link: https://www.econbiz.de/10005047738

Vertical Integration, Missing Middle and Investor Protection in Developing Countries

Macchiavello, Rocco - Department of Economics, Oxford University - 2007

The industrial organization of developing countries is characterized by: (i) pervasive use of subcontracting arrangements among small firms, (ii) "missing middle" in the firm size distribution, and (iii) financially constrained firms. This paper studies an incomplete contract model in which...

Persistent link: https://www.econbiz.de/10005047877

Relational Incentive Contracts

Malcomson, James - Department of Economics, Oxford University - 2010

This chapter reviews the literature on the theory of relational incentive contracts. It motivates the discussion by the classic applications of relational contracts to the GM-Fisher Body relationship and the relationships between Japanese automobile manufacturers and their subcontractors. It...

Persistent link: https://www.econbiz.de/10008671389

Competition in Posted Prices With Stochastic Discounts

Gill, David; Thanassoulis, John - Department of Economics, Oxford University - 2013

We study price competition between firms over public list or posted prices when a fraction of consumers (termed 'bargainers') can subsequently receive discounts with some probability. Such stochastic discounts are a feature of markets in which some consumers bargain explicitly; of markets in...

Persistent link: https://www.econbiz.de/10011004203

Host Country-Foreign Investor Bargaining Power and Investment Incentive Provisions in Multilateral Investment Agreements

Mash, Richard - Department of Economics, Oxford University - 2000

a third benefit from commitment which arises from low host country bargaining power when negotiating incentive levels … with foreign investors. If bargaining power is low, incentives agreed under bargaining will be generous to the investor and … host country welfare will be lower than otherwise. It is shown that this consequence of low bargaining power may be avoided …

Persistent link: https://www.econbiz.de/10010604853

Modelling Transactions with Ultimatum Games: An Experiment on Certification

Guerra, Gerardo A. - Department of Economics, Oxford University - 2002

Ultimatum games have been extensively used in experimental studies. By studying the consequences that restrictions shared by ultimatum games have in subject`s behaviour, this paper argues that some results are falsified by design constraints. This paper also presets a taxonomy of certification,...

Persistent link: https://www.econbiz.de/10010604902

Inferring Strategies from Observed Actions: A Nonparametric, Binary Tree Classification Approach

Engle-Warnick, Jim - Department of Economics, Oxford University - 2001

This paper introduces a non-parametric binary classification tree approach to inferring unobserved strategies from the observed actions of economic agents. The strategies are in the form of possibly nested if-then statements. We apply our approach to experimental data from the repeated ultimatum...

Persistent link: https://www.econbiz.de/10010605110